Electric Rates
Rates
Tipmont is a not-for-profit cooperative and we strive every day to manage costs while continuing to provide the reliability and value you deserve.
Tipmont is under contract to purchase the power we deliver to you from Wabash Valley Power Alliance. In March 2024, Wabash Valley Power Alliance increased power supply costs for all 23 of its member cooperatives. Tipmont had no choice but to increase energy rates to cover the increased cost.
Below are the rate changes for each rate class. The majority of Tipmont’s members are Rate 1 / Single Phase. If you’re not sure of your account’s rate class, it is listed on the back side of your bill.
Information for Tipmont Members
May 2024 Rate Increase
Effective with the May 22, 2024 billing cycle, Tipmont’s energy charge increased from $0.1153 per kWh to $0.1165 per kWh. The service charge is not changing. For the average Tipmont residential monthly bill, this is an increase of about $1.50.
| Charge |
Rate Effective May 22, 2024 |
Cost |
|---|---|---|
|
kWh charges 1,200 Kilowatt Hour (kWh) Charges represent the amount of electricity used during the billing period, calculated by multiplying your total kWh usage by the applicable energy rate in the Tipmont Rate Tariff. A kWh is a measurement of energy used over time and the basis for how electric bills are calculated. For the purposes of this example, we are using a bill with 1,200 kWh. |
$0.1165 | $139.80 |
|
Power Cost Adjustment Power Cost Adjustment is an adjustment made to your electric bill to reflect fluctuations in the true cost of power purchased from Tipmont's provider, Wabash Valley Power. The fluctuation is largely caused by changes in the cost of fuel for generation. For the purposes of this example, we are using a Power Cost Adjustment of $0.004384. |
$0.004384 | $5.26 |
|
Service Charge The Service Charge is a fixed monthly fee charged to all Tipmont members to recover the cost of installing and maintaining the minimum equipment needed for members to receive electric service from the cooperative. |
$38.00 | $38.00 |
| Indiana Sales Tax | 7% | $12.81 |
| Total Bill | ... | $195.87 |
| Charge |
Rate Prior to May 22, 2024 |
Cost |
|---|---|---|
|
kWh charges 1,200 Kilowatt Hour (kWh) Charges represent the amount of electricity used during the billing period, calculated by multiplying your total kWh usage by the applicable energy rate in the Tipmont Rate Tariff. A kWh is a measurement of energy used over time and the basis for how electric bills are calculated. For the purposes of this example, we are using a bill with 1,200 kWh. |
$0.1153 | $138.36 |
|
Power Cost Adjustment Power Cost Adjustment is an adjustment made to your electric bill to reflect fluctuations in the true cost of power purchased from Tipmont's provider, Wabash Valley Power. The fluctuation is largely caused by changes in the cost of fuel for generation. For the purposes of this example, we are using a Power Cost Adjustment of $0.004928. |
$0.004384 | $5.26 |
|
Service Charge The Service Charge is a fixed monthly fee charged to all Tipmont members to recover the cost of installing and maintaining the minimum equipment needed for members to receive electric service from the cooperative. |
$38.00 | $38.00 |
| Indiana Sales Tax | 7% | $12.71 |
| Total Bill | ... | $194.33 |
More info
Rate Schedules
Rate 1 / Single-Phase Service is available to any Tipmont member for general use with a monthly demand of 50 kW or less and for which no other specific rate is applicable.
| CHARGE | BEFORE MAY 22, 2024 | EFFECTIVE MAY 22, 2024 |
|---|---|---|
| kWh charge | $0.1153 | $0.1165 |
| Service charge (per meter) | $38.00 | $38.00 |
RATE 1 / SINGLE-PHASE RESIDENTIAL INCLUDES PREPAY RATES
Rate 1 / Single-Phase Service Time of Use is available to to any Tipmont member for general use with a monthly demand of 50 kW or less and for which no other specific rate is applicable.
| CHARGE | BEFORE MAY 22, 2024 | EFFECTIVE MAY 22, 2024 |
|---|---|---|
| Service Charge (per meter) | $38.00 per month | $38.00 per month |
| On-Peak kWhs | $0.2511 per kWh | $0.2537 per kWh |
| Off-Peak kWhs | $0.0817 per kWh | $0.0825 per kWh |
ON-PEAK / OFF-PEAK HOURS:
The On-Peak Hours are 2:00 p.m. – 8:00 p.m. Eastern Standard Time on Monday through Friday excluding holidays listed below:
- New Year’s Day
- Memorial Day
- Independence Day
- Labor Day
- Thanksgiving Day
- Christmas Day
Time-of-Use rate plans are an option to help you save money on your electric bill by offering lower energy rates when energy demand is low.
| CHARGE | BEFORE MAY 22, 2024 | EFFECTIVE MAY 22, 2024 |
|---|---|---|
| kWh charge | $0.1153 | $0.1165 |
| Service charge (per meter) | $83.50 | $83.50 |
Rate 3 Multi-Phase Service is available to any member of Tipmont for general use with a maximum monthly demand of 50 kW or less and for which no other specific rate is applicable.
| CHARGE | BEFORE MAY 22, 2024 | EFFECTIVE MAY 22, 2024 |
|---|---|---|
| Service Charge (per meter) | $83.50 per month | $83.50 per month |
| On-Peak kWhs | $0.02511 per kWh | $0.02537 per kWh |
| Off-Peak kWhs | $0.0817 per kWh | $0.0825 per kWh |
ON-PEAK / OFF-PEAK HOURS:
The On-Peak Hours are 2:00 p.m. – 8:00 p.m. Eastern Standard Time on Monday through Friday excluding holidays listed below:
- New Year’s Day
- Memorial Day
- Independence Day
- Labor Day
- Thanksgiving Day
- Christmas Day
Time-of-Use rate plans are an option to help you save money on your electric bill by offering offer lower energy rates when energy demand is low.
Rate 4 is available to any member of Tipmont for large power service with a demand of 1,000 kW or more and for service of greater than 12,500 volts. The service location must be adjacent to a substation or transmission line controlled by the REMC and suitable for supplying the required service.
| CHARGE | BEFORE MAY 22, 2024 | EFFECTIVE MAY 22, 2024 |
|---|---|---|
| Service charge (per meter) | $383.50 per month | $383.50 per month |
| kWh charge | $0.0531 per kWh | $0.0536 per kWh |
| Maximum kW Billing Demand used per month | $2.12 per kW | $2.14 per kW |
| Maximum On-Peak kW Billing Demand used per month | $14.70 per kW | $14.85 per kW |
Rate 7 is available to any member of Tipmont for general power service with a monthly demand of 50 kW or more and a 12-month average load factor of 20% or below. The service must be located adjacent to an electric transmission or distribution line of the REMC that is adequate and suitable for supplying required service. This schedule is not available for supplemental or standby service.
| CHARGE | BEFORE MAY 22, 2024 | EFFECTIVE MAY 22, 2024 |
|---|---|---|
| Service charge (per meter) | $83.50 per month | $83.50 per month |
| kWh charge | $0.1153 per kWh | $0.1165 per kWh |
| Maximum kW Billing Demand used per month | $5.43 per kW | $5.49 per kW |
Rate 7 is available to any Tipmont member for general power service with a monthly demand of 50 kW or more and a 12-month average load factor of 20% or below. The service must be located adjacent to an electric transmission or distribution line of the REMC that is adequate and suitable for supplying required service. This schedule is not available for supplemental or standby service.
| CHARGE | BEFORE MAY 22, 2024 | EFFECTIVE MAY 22, 2024 |
|---|---|---|
| Service charge (per meter) | $83.50 per month | $83.50 per month |
| Off-Peak kWh charges | $0.0679 per kWh | $0.0686 per kWh |
| On-Peak kWh charges | $0.0694 per kWh | $0.0701 per kWh |
| Maximum kW Billing Demand used per month | $4.23 per kW | $4.27 per kW |
| Maximum On-Peak kW Billing Demand used per month | $15.38 per kW | $15.53 per kW |
ON-PEAK / OFF-PEAK HOURS:
The On-Peak Hours are 2:00 p.m. – 8:00 p.m. Eastern Standard Time on Monday through Friday excluding holidays listed below:
- New Year’s Day
- Memorial Day
- Independence Day
- Labor Day
- Thanksgiving Day
- Christmas Day
Time-of-Use rate plans are an option to help you save money on your electric bill by offering offer lower energy rates when energy demand is low.
Rate 8 is available to any member of Tipmont for general power service with a monthly demand of 50 kW or more and who is located adjacent to an electric transmission or distribution line of the REMC that is adequate and suitable for supplying required service. This schedule is not available for supplemental or standby service.
| CHARGE | BEFORE MAY 22, 2024 | EFFECTIVE MAY 22, 2024 |
|---|---|---|
| Service charge (per meter) | $113.50 per month | $113.50 per month |
| kWh charges | $0.0634 per kWh | $0.0640 per kWh |
| Maximum kW Billing Demand used per month | $16.48 per kW | $16.65 per kW |
Available as an optional rate to any member of Tipmont for general power service with a monthly demand of 50 kW or more and who is located adjacent to an electric transmission or distribution line of the REMC that is adequate and suitable for supplying required service. This schedule is not available for supplemental or standby service.
| CHARGE | BEFORE MAY 22, 2024 | EFFECTIVE MAY 22, 2024 |
|---|---|---|
| Service charge (per meter) | $113.50 per month | $113.50 per month |
| Off-Peak kWh charges | $0.0609 per kWh | $0.0615 per kWh |
| On-Peak kWh charges | $0.0720 per kWh | $0.0727 per kWh |
| Maximum kW Billing Demand used per month | $4.86 per kW | $4.91 per kW |
| Maximum On-Peak kW Billing Demand used per month | $15.29 per kW | $15.44 per kW |
ON-PEAK / OFF-PEAK HOURS:
The On-Peak Hours are 2:00 p.m. – 8:00 p.m. Eastern Standard Time on Monday through Friday, excluding holidays listed below:
- New Year’s Day
- Memorial Day
- Independence Day
- Labor Day
- Thanksgiving Day
- Christmas Day
Time-of-Use rate plans are an option to help you save money on your electric bill by offering offer lower energy rates when energy demand is low.
Rate 9 is available to any member of Tipmont for large power service with a demand of 1,000 kW or more and who is located adjacent to a substation, transmission line or distribution line of the REMC that is adequate and suitable for supplying required service. This schedule is not available for supplemental or standby service.
| CHARGE | BEFORE MAY 22, 2024 | EFFECTIVE MAY 22, 2024 |
|---|---|---|
| Service charge (per meter) | $258.50 per month | $258.50 per month |
| kWh charges | $0.0590 per kWh | $0.0596 per kWh |
| Maximum kW Billing Demand used per month | $20.23 per kW | $20.43 per kW |
Available to any member of Tipmont for large power service with a demand of 1,000 kW or more and who is located adjacent to a substation, transmission line, or distribution line of the REMC that is adequate and suitable for supplying required service. This schedule is not available for supplemental or standby service.
| CHARGE | BEFORE MAY 22, 2024 | EFFECTIVE MAY 22, 2024 |
|---|---|---|
| Service charge (per meter) | $258.50 per month | $258.50 per month |
| Off Peak kWh charges | $0.0567 per kWh | $0.0573 per kWh |
| On Peak kWh charges | $0.0685 per kWh | $0.0692 per kWh |
| Maximum kW Billing Demand used per month | $7.34 per kW | $7.41 per kW |
| Maximum On-Peak kW Billing Demand used per month | $15.29 per kW | $15.44 per kW |
ON PEAK / OFF PEAK HOURS:
The On-Peak Hours are 2:00 p.m. – 8:00 p.m. Eastern Standard Time on Monday through Friday, excluding holidays listed below:
- New Year’s Day
- Memorial Day
- Independence Day
- Labor Day
- Thanksgiving Day
- Christmas Day
Time-of-Use rate plans are an option to help you save money on your electric bill by offering offer lower energy rates when energy demand is low.
| CHARGE | BEFORE MAY 22, 2024 | EFFECTIVE MAY 22, 2024 |
|---|---|---|
| Service charge (per meter) | $8.00 per month | $8.00 per month |
| kWh charges | $0.1153 per kWh | $0.1165 per kWh |
Available to public schools in the Tipmont service area for general power service with a monthly demand of 50 kW or more. Not more than 25% of the monthly peak demand is in the on-peak billing window as indicated below over the most recent 12-month period. Service must be located adjacent to an electric transmission or distribution line of the REMC that is adequate and suitable for supplying required service. This schedule is not available for supplemental or standby service.
| CHARGE | BEFORE MAY 22, 2024 | EFFECTIVE MAY 22, 2024 |
|---|---|---|
| Service charge (per meter) | $108.50 per month | $108.50 per month |
| kWh charges | $0.0626 per kWh | $0.0632 per kWh |
| Maximum kW Billing Demand used per month | $11.81 per kW | $11.93 per kW |
| FIXTURE DESCRIPTION | WATTAGE | MONTHLY RATE |
|---|---|---|
| LED Open Bottom | 40 | $9.49 |
| LED “Cobra Head” | 100 | $11.60 |
| LED Directional Flood | 130 | $13.34 |
| FIXTURE DESCRIPTION | WATTAGE | MONTHLY RATE |
|---|---|---|
| LED “Contempo” | 70 | $13.68 |
| LED “Colonial” | 45 | $12.38 |
| LED “Acorn” | 60 | $16.61 |
OTHER FEES
| MEMBER-REQUESTED SECURITY LIGHT EXCHANGE | FEE |
|---|---|
| Retirement Fee | $75.00 |
| If a member requests a light to be exchanged with another light option, the member is required to pay for the costs associated with the retirement of the existing security light and the new light tariff will be applied. | |
| CHARGE | BEFORE MAY 22, 2024 | EFFECTIVE MAY 22, 2024 |
|---|---|---|
| Service charge (per meter) | $38.00 per month | $38.00 per month |
| kWh charges | $0.1153 per kWh | $0.1165 per kWh |
| Maximum kW Billing Demand used per month (over 50kW) | $16.65 per kW | $16.82 per kW |
| CHARGE | BEFORE MAY 22, 2024 | EFFECTIVE MAY 22, 2024 |
|---|---|---|
| Service charge (per meter) | $83.50 per month | $83.50 per month |
| kWh charges | $0.1153 per kWh | $0.1165 per kWh |
| Demand (over 50kW) | $11.65 per kW | $11.77 per kW |
Available as an added feature to any standard rate tariff. Participants must be a member of Tipmont and have an active electric service. Availability is subject to the limitation of available shares (240).
Tipmont offers a remote community solar installation where production from one or more solar panels can be allocated to participating members. Energy produced from member’s share(s) will replace equal amount of energy consumed at member’s service location. Production amount will be billed to member at the specified monthly rate below in lieu of their current rate structure.
| CHARGE | RATE |
|---|---|
| All kWh produced per month | $0.1567 per kWh |
Not-For-Profit electric cooperative
Frequently Asked Questions
The following are common questions members ask regarding their rates and their bills.
If you have additional questions, please contact us.
Tipmont is under contract to purchase the power we deliver to you from Wabash Valley Power Alliance. In March 2024, Wabash Valley Power Alliance increased power supply costs for all 23 of its member cooperatives. Tipmont had no choice but to increase energy rates to cover the increased cost.
Tipmont has been fighting to exit its power supply contract with Wabash Valley Power. More information is available at fightingforyou.tipmont.com.
No. Only the energy charge rate has increased.
The service charge is a fixed amount on your monthly bill required to deliver electricity and maintain the system that serves you. Each member pays the same service charge per rate class. The service charge is separate from the energy charge, which is the cost of how much energy you use.
No. Only the energy charge rate has increased.
- Find the top 10 ways that you can save energy.
- Schedule a free in-home energy assessment from Tipmont.
- Learn about Tipmont’s available energy-efficiency rebates.
No. The prices for Tipmont’s internet service are not changing.
Time of Use rates
Time-of-use rates help you save money by offering lower rates when energy demand is low.
